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Oxygen steelmaking set to dominate

A MEPS (International) product story
Edited by the Engineeringtalk editorial team Mar 8, 2005

MEPS (International) forecasts that world output will increase for the two main categories of steel manufacturing in its updated report "Global iron and steel production to 2008".

MEPS (International) forecasts that world output will increase for the two main categories of steel manufacturing in its updated report "Global iron and steel production to 2008".

However, oxygen steelmaking will take a greater percentage of the total in 2008, whereas electric and other processes will continue to slip.

Oxygen steelmaking is forecast to take almost 65% of the world's supply in 2008 - up from 63.3% in 2003.

This represents an increase of almost 142 million tonnes in the five year time span - to 752.3 million tonnes.

MEPS states that most of the new capacity planned for the near term uses the blast furnace/convertor route because it best suits the local facilities in many of the expanding steel manufacturing countries - particularly in Asia, former USSR and Brazil.

Global and electric melting will rise in the period to 2008 by approximately 50 million tonnes but this will still represent a decrease in the proportion of the world total from around 33% in 2003 to below 32% in 2008 says MEPS.

Many of the countries which are expected to grow their steelmaking have a shortage of electricity to meet current domestic power requirements.

Steelmaking by other processes is likely to decline marginally and therefore, the world percentage will fall from 3.7 to 3.3% over the five years, to 2008.

Several of the obsolescent plants in this category will be replaced by new facilities.

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